When writing a will and defining the heirs of the assets, it is common to use the term usufruct. The word comes from the Latin “usus fructus”, which means “use of fruits”. In the real estate area, it means, in short, that even after sharing the assets. The original or current owner can continue using the asset. Still lost about usufruct. Don’t worry, we create this article so that you understand a little more about the term and how its procedures work. Difference between donating by usufruct and donating by will. When a person makes their will and indicates their heirs and share assets, only after their death does the document become valid, that is, the donation of any asset cannot be anticipate by will.
The benefit can be realize
When the donor is still alive, but the beneficiary does not have any power over the asset that was donated to him, only that of use. After the death Iraq Email List of the donor, the heir (in the case of usufruct, called naked owner) becomes entitle to what was donate. How is the usufruct process carrie out. After that, The donation by usufruct can be made at a notary’s office. Where the donation deed will be drawn up. The deed may have an expiration date determine by both parties. It may be until the death of the owner or until a certain date specified at the time. Only the presence of two witnesses is require, carrying identification and occupation documents (RG, CPF, proof of address and profession) and who are not relatives of those involve in the donation.
It is important to remember that the termination of usufruct
The rights-free possession agreement and can happen in two ways: Death of the donor: to request the assets. The naked owner must appear at a Singapore Email List registry office with the death certificate and request administrative capacity over the assets. End of the usufruct period: the document drawn up at a notary’s office is observe to confirm whether the usufruct has actually ende. Thus, the nake owner becomes the legal owner of the goods in question. Tecimob: Website ready for real estate agents and real estate agencies. A complete tool for you to sell more. Sale or rent of the asset during usufruct. Whoever receives the donation through usufruct becomes partial owner and cannot sell or rent without the consent of the property owner. He is the one who has the right to receive the money from the negotiation.
